ExxonMobil’s Esso Launches $1bn Usan Infill Project, Targets 40,000bpd Deepwater Boost for Nigeria
Esso Exploration and Production Nigeria Limited (Esso), a subsidiary of US oil giant ExxonMobil, has announced the commencement of on-block
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Airtel Africa Becomes First Nigeria-Listed Firm to Cross N20trn Market Cap
Airtel Africa has become the first company listed on the Nigerian Exchange Limited (NGX) to surpass a N20 trillion market
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FDI Inflow into Nigeria Hits 11-Year High on Oil Sector Recovery
*Foreign direct investments more than double to $4bn in 2025 Nigeria experienced a sharp rebound in long-term capital inflows last
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Airtel Nears N20trn Market Cap, Overtakes BUA Foods as Nigeria’s Most Valuable Firm
Airtel Africa has overtaken BUA Foods to become the most valuable company on the Nigerian Exchange Limited (NGX), after a
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Nigerian Government Rebuts Claims of Off-Budget ₦8trn Spending
Nigeria’s Federal Ministry of Finance has rejected claims that the Federal Government spent about two percent of GDP — estimated
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Why Fuel Prices Don’t Drop Overnight, Dangote Explains, Announces Another Cut
Dangote Petroleum Refinery has explained why pump prices do not fall immediately when global crude prices decline, saying local product
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Nigerian Stocks Start Second Half At Two-Month Low
…market value drops to N144.8tn Nigeria’s stock market opened the second half of the year on a weak note, with
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Shell, Nigerian Banks Launch $3bn Fund for Local Contractors
Shell Nigeria Exploration and Production Company Ltd (SNEPCo) today has launched a $3-billion Contract Finance Facility in partnership with nine
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[BREAKING] 46 Microfinance Banks Lose Operating Licences as CBN Tightens Oversight
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks (MfBs) with effect from July
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Sahara Taps Ex–Ikeja Electric CEO Soetan to Lead Oilfield Services Subsidiary
Sahara Group has appointed Mrs. Folake Soetan as Managing Director of Arahas Global Oilfield Services, as the energy and infrastructure
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